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Limited Companies

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camdafish
Mind Map by camdafish, updated more than 1 year ago
camdafish
Created by camdafish over 6 years ago
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Resource summary

Limited Companies
  1. Definition: a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.
    1. A private limited company (ltd): is often a small business such as an independent retailer in a market town. Shares do not trade on the stock exchange.
      1. A public limited company (plc) is usually a large, well-known business. This could be a manufacturer or a chain of retailers with branches in most city centres. Shares trade on the stock exchange.
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